Leslie Weikle
on May 18, 2025
4 views
HERE WE GO 🚨 Grant Cardone has the last standing beach home in Malibu after the Pacific Palisades fires and he’s told by his insurance the properties may all be taken by imminent domain
“California is planning to seize the coastline in Malibu”
“Rumblings in the state of California. You have the last house standing on Malibu Beach. It was singed by the fires. It was not leveled. Very fortunate for you, obviously, but you're hearing rumblings now that those beaches of Malibu, including your house, potentially may be taken by the government under imminent domain.
It's just rumblings and rumors and so forth, but that's very concerning. What are you hearing?”
Grant Cardone “I got a phone call yesterday from a guy that sells trillions of with a T of insurance premiums per year worldwide. He's actually covering my home. Okay.
Along with a 15,000 unit portfolio that we cover with him. And he says, Grant, are you hearing anything about eminent domain on the coastline? And I said, no, I haven't heard that yet. What are you talking about?
And he's like, we're hearing the first rumblings from property owners that are trying to get covered that nobody can understand why is nothing being done? Why is the beach not being picked up? Why haven't the bore samplings and environmental stuff been done? Why are only four permits been approved in four months? And those four permits, by the way were done before the fires. So they were already in place.
And the talk is now that the state of California is planning to seize the coastline in Malibu”
https://x.com/wallstreetapes/status/1924136745408565693?s=12
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